Harvey Norman rose 1.6 per cent to $3.16, JB Hi-Fi was up 1.6 per cent to $22.15, Kogan.com lifted 6.2 per cent to $3.62, Afterpay Touch was trading 5.8 per cent higher at $12.39 and Myer climbed 0.6 per cent to 40.25¢.
Bellamy’s Australia was trading 7.5 per cent higher at $7.32 and A2 Milk lifted 3.5 per cent to $10.41.
The price of oil soared on Wednesday, with Brent crude lifting 8.8 per cent, its biggest gain since 2016. The price rise was driven in part by positive market sentiment and comments from Russia’s Energy Minister Alexander Novak who said he saw a more stable and balanced oil market, indicating OPEC and its allies would continue to support the a rise in oil prices.
The energy sector was the best performing through the morning’s trade as oil-exposed stocks lifted on the back of the price rise. BHP Group advanced 3 per cent to $34.51, Woodside Petroleum lifted 3.8 per cent to $30.94, Origin Energy climbed 3.3 per cent to $6.33, Oil Search was 2.1 per cent higher at $7.04 and Beach Energy rose 2.3 per cent to $1.35.
The major banks were trading slightly higher on Thursday and were sitting firmly among the market leaders. Commonwealth Bank was trading 1.2 per cent higher at $69.50, Westpac had climbed 0.8 per cent to $24.05, NAB was up 0.9 per cent to $23.12 and ANZ was trading at $23.46, up 0.6 per cent.
Real estate and infrastructure stocks were among those trading in the red on Thursday morning although their losses were only small. Mirvac Group slipped 0.9 per cent to $2.30, Vicinity Centre went down 1.1 per cent to $2.64, GPT Group slid 0.7 per cent to $5.48 and Dexus declined 0.7 per cent to $10.93.
from news Viral City http://bit.ly/2Q4vmn1
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